Trading Technologies International and Mysteel Commodity Services to Offer Liquidity Pools to Support Commodities Products

Trading Technologies International, Inc. (TT), an international provider of high-performance professional trading software, infrastructure and data solutions, and Mysteel Singapore Pte ltd (known as Mysteel Commodity Services), an established commodities broker with a “major focus” on China, confirmed that they’ve partnered to introduce an electronic liquidity pool “to facilitate the matching of block futures for commodities products.”

As mentioned in a release, Mysteel will be operating the venue, which is scheduled to go live in Q4 2021 “using a private matching solution developed by TT.”

This agreement also offers Mysteel’s customers, located in China and globally, with “access to the TT platform and use of TT’s suite of tools, including Autospreader, ADL, mobile trading, options and charting.”

At first, Mysteel will be supporting trading in iron ore and steel, with “plans to add other products in the future.”

Customers can take advantage of access to the larger liquidity pool of the block futures markets “while simultaneously accessing other listed markets, including China, to leverage arbitrage trading opportunities.” For instance, between iron ore futures on the Dalian Commodity Exchange (DCE) and Singapore Exchange (SGX) as well as steel and steel scrap products at London Metal Exchange (LME) and Chicago Mercantile Exchange (CME).

Myles Clement, CEO of Mysteel Commodity Services, stated:

“This partnership between Mysteel and TT helps combine Chinese and international liquidity of a traditionally voice operated market into a more easily accessible structure, making it possible for us to offer our clients the ability to execute their trades electronically using TT’s market-leading technology.”

Mark Pottle, Regional Executive Sales Director, Trading Technologies, remarked:

“Being chosen as the underlying technology and market access provider for Mysteel’s liquidity pool is a testament to the expanded capabilities of the TT platform. Mysteel’s solution will allow clients to access the larger block size volumes for commodities with the same set of advanced tools they use to trade the exchange order book. We expect this will be extremely appealing to serious commodity players.”

With market connectivity that presently covers six continents, TT’s privately managed infrastructure aims to provide secure market access and superior performance “from anywhere in the world.”

Created for professional traders, TT incorporates a wide array of customizable tools to “accommodate trading strategies that range from manual point-and-click trading to single-digit microsecond automated order entry.”

As noted in the release:

“With its global presence in Shanghai, Singapore and London, Mysteel Commodity Services was established with one clear goal in mind, to bring increased liquidity to the commodity markets through its vast Chinese presence, and global relationships across multiple asset classes.”

MCS aims to “combine financial and physical pricing liquidity with market moving commodities data used by global institutions.” MCS offers great “value add to its customers through unique insights and access into the underlying asset class, as well as the fundamental proprietary China data from that moves markets.”

As mentioned in the announcement, Trading Technologies focuses on developing  professional trading software, infrastructure and data solutions for “a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers.”

TT also provides domain-specific tech for cryptocurrency trading and machine-learning tools for trade surveillance.

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